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    Oil Prices Drop Over 6% Amid US-Iran Pause

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    Oil prices fell more than 6% today following a pause in military actions between the US and Iran, raising hopes for a diplomatic resolution. Brent crude futures dropped to $90.58, while US West Texas Intermediate crude fell to $83.51. The decline reflects market optimism for reduced tensions in the Strait of Hormuz and potential resumption of shipping activities.
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